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GBP/USD broke out of its recent range trading, as the pound pushed gained over one cent against the dollar. The pair closed the week at 1.5806. The upcoming week is quiet, with only four releases. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

The pound was buoyed by Federal Reserve officials acknowledging the possibility of QE intervention. However, the pound lost ground at the end of the week on disappointing US employment numbers.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-aug-27-31/"]GBP/USD Outlook Aug. 27-31[/URL][/I][/B]

Oil prices didn't do much during last week after they had increased during most of the month. Further, the difference between Brent and WTI also didn't change much and slightly shrunk in recent days. During last week, WTI oil edged down by 0.13%; Brent oil, by 0.48%. The recent publications of the minutes of the FOMC meeting and the rise in new home sales didn't seem to affect much the oil market.
During the upcoming week there are several reports that may affect the oil market such as: Bernanke's speech, U.S GDP for Q2 2012, China's manufacturing PMI.

For the complete oil market weekly analysis at Trading NRG
During last week, crude oil price (WTI) slipped by 0.13% and reached $95.85/b; Brent also decreased by ...

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TheGeekKnows.com [URL="http://thegeekknows.com/"]Learn Forex Trading[/URL] and read exclusive [URL="http://thegeekknows.com/"]EUR/USD Forecast[/URL] and [URL="http://thegeekknows.com/"]AUD/USD Forecast[/URL] Reviews.[/B]

Good day forex traders.

In the previous EUR/USD forecast we noted a possible technical triangle squeeze. The Euro Zone remained fragile as countries continued to sort out their debts and budgets. Germany might be open to ease conditions for Greece but the uncertainty remained.

[I]EUR/USD Chart[/I]

[B]Technical Analysis[/B]

Looking at the EUR/USD daily chart above, the currency pair did have a breakout due to the technical ...

Euro/dollar made impressive gains as the prospects for a Spanish solution rose once again. Can we expect a surge now? Or will optimism prevail? A major German survey and an important Italian bond auction among other events will close the month, as eyes remain on Spain and also on Greece. Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Optimism began with a report about potential details of ECB bond buys and significantly strengthened as one German ECB member, Asmussen, backed the ECB’s bond buying ideas. As he is close to Merkel, this is practically a German approval. The result was a surge in the euro. Adding reports about negotiations between Spain and its euro peers regarding a ...